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China Claims to Be World’s 2nd Largest Economy

Posted by Scott Boyd at 9:11 am UTC, 07/30/2010

In an interview with China Reform magazine, Yi Gang, China’s chief currency regulator, said that China has surpassed Japan to become the world’s second-largest economy. Gang also noted that depending on how fast its exchange rate rises, China is set to overtake the US economy around 2025.

Source: Reuters

Filed under: Forex Round Up

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February
10
Today’s Global
Market Events
8:30 am
CAD
Trade Balance
0.7B vs. 1.1B
USD
Trade Balance
-48.1B vs. -47.8B
9:55 am
USD
Prelim UoM Consumer Sentiment
74.4 vs. 75.0
USD
Prelim UoM Inflation Expectations
3.3%
12:30 pm
USD
Fed Chairman Bernanke Speaks
12:50 pm
USD
FOMC Member Pianalto Speaks
2:00 pm
USD
Federal Budget Balance
-58.5B vs. -86.0B